(Bloomberg) — Stocks struggled for direction ahead of US inflation data, with the latest geopolitical developments curbing the appetite for risk.
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Just a week after the panic selling that shook trading around the globe, the S&P 500 was flat. With Wall Street still reeling from last Monday’s wild gyrations, many investors are refraining from making big bets as they await more signals about the health of the world’s largest economy. Oil hit $80 and bonds gained as the US believes an Iranian attack against Israel is increasingly likely.
To Solita Marcelli at UBS Global Wealth Management, it’s a good time for investors to “take stock” of how far key markets have moved.
“Volatility could return this week,” she said. “If inflation is too low, this may heighten concerns that the US may be heading for a recession. If inflation is too high, it could encourage fears that the Federal Reserve may be unable…
